Caesars Entertainment, Inc. (NASDAQ:CZR) Holdings Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 47.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,552 shares of the company’s stock after purchasing an additional 5,012 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Caesars Entertainment were worth $618,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares during the period. Principal Securities Inc. acquired a new stake in shares of Caesars Entertainment during the 4th quarter valued at $46,000. Mather Group LLC. purchased a new position in shares of Caesars Entertainment during the 1st quarter valued at $53,000. TFO Wealth Partners LLC increased its stake in shares of Caesars Entertainment by 22,920.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after acquiring an additional 1,146 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Caesars Entertainment by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 622 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 0.3 %

Shares of CZR stock opened at $41.45 on Friday. The stock has a 50 day moving average of $36.98 and a 200-day moving average of $37.90. The firm has a market cap of $8.97 billion, a PE ratio of 11.74 and a beta of 2.96. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.56. Caesars Entertainment, Inc. has a 12 month low of $31.74 and a 12 month high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the company earned $0.82 earnings per share. Caesars Entertainment’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts predict that Caesars Entertainment, Inc. will post 0.06 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CZR. Jefferies Financial Group lowered their target price on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Susquehanna restated a “negative” rating and issued a $33.00 price objective on shares of Caesars Entertainment in a report on Wednesday, July 31st. JMP Securities lifted their target price on shares of Caesars Entertainment from $58.00 to $59.00 and gave the company a “market outperform” rating in a research note on Thursday, August 22nd. StockNews.com lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus upped their price objective on shares of Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.14.

Caesars Entertainment Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.